Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,800 deposit in year 1, and another $2,300 deposit at the end of year 4 using a 8 percent interest rate. Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

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A: Here, To Find: Future value (FV) =?

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A: Deposit amount (P) = $720 Interest rate in year 1 (r1) = 8% Interest rate in year 2 (r2) = 11%

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Q: What will a deposit of $4500 at 7.8% compounded semiannually be worth if left in the bank for six…

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A: Future value of an annuity: It represents the future value of the present annuity stream of cash…

Q: Question 5

A: The formula used will be: FV = PV*(1+r)^nWhere PV is amount deposited today = $4,000R is the…

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A: Hi student Since there are multiple questions, we will answer only first question.

Q: question 5 out 20

A: Here excel's FV function will be used.The syntax is:  FV(rate, nper, pmt, pv) Rate is interest rate…

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